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6 December 2018 | 10 replies
Most properties in war zones (that I've seen) were rehabbed with bubble gum and duct tape.
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8 September 2017 | 3 replies
I have rehabbed 4 houses over the last 3 years working nights and weekends.
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7 September 2017 | 2 replies
hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.
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5 January 2018 | 11 replies
The turnkey company makes money on rehabbing properties and selling them, capitalizing on economies of scale to create equity at wholesale rehab prices, and through a PM fee (often about 10%).
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13 September 2017 | 10 replies
I didn't think of some of the concerns that have been addressed by some of the BP community -- that's a big part of why I have been so pleased with BP!
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14 September 2017 | 5 replies
Don't forget the electric, water, sewer, gas bills you will be paying during the rehab process.
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14 September 2017 | 3 replies
Tell them what you plan to do (maybe not the address) and see what they tell you.
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8 September 2017 | 0 replies
The only addresses I've been able to find are with the associated property and nothing about where the tax bills are sent or any other owner info.
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30 December 2017 | 22 replies
Being remote, I'm not looking to do major rehab for my first deal because I'm still building my network "on the ground" and it feels a little overwhelming, but I am willing to do some cosmetic items to attract the right renters.
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14 September 2017 | 5 replies
Are the units dated or recently rehabbed?